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  1. #1
    Law Curious
    Join Date
    May 2011
    Law Forum Posts
    1

    Default Loaned someone money to purchase car drafting up Promissory Note

    This question in this scenario is based in New Hampshire. Loaned someone money to purchase car, and put the fact that the loan needed to be paid in two years in the loan agreement (promissory note) or the car was being held as collateral against the loan . I did not put a lien on the title, and the person who I loaned the money to has their name on title. Does the loan agreement (promissory note) still allow me to go to small claims court (would that be the correct place to get things going?) and get car back, as the individual has only made two payments in last two years.

  2. #2
    Legal Forum Partner
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    Jan 2013
    Law Forum Posts
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